From Quiver Quantitative:

In a surprising turn of events, Microsoft briefly surpassed Apple as the world’s most valuable company for the first time since 2021. Microsoft’s shares have seen an uptick due to its early investment in artificial intelligence, while Apple’s shares dropped by 0.9% due to weakening demand for the iPhone. Microsoft’s securities increased by 0.7% on Thursday, reaching a market value of $2.865 trillion. While Apple’s stock declined by 3.3%, bringing its market capitalization down to $2.871 trillion. Market analysts are expressing concerns about China’s impact on Apple’s performance. Microsoft is now favored on Wall Street, with nearly 90% buy recommendations from brokerages.



Read more: Microsoft Surpasses Apple in Market Value Amid AI Advancements